Civic Intelligence

Chippewa Valley Cultural Association Inc.

990 • Fiscal year 2017 • EIN 39-1236476

Dec 01, 2016 to Nov 30, 2017 • Filed on Mar 21, 2018

3 S High StreetChippewa Falls, WI 54729

(715) 723-4461

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

50th percentile

0.04x

Higher debt load relative to assets than 50% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.08x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

23rd percentile

-7.4%

Higher net margin than 23% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

71st percentile

$59,529

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

54th percentile

4.9%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

70th percentile

19%

Faster revenue growth than 70% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$906,592

Up $42,131 (+4.9%) from 2016

Net Assets

Up

$872,805

Up $36,582 (+4.4%) from 2016

Liabilities

Up

$33,787

Up $5,549 (+20%) from 2016

Revenue

Up

$425,638

Up $67,629 (+19%) from 2016

Expenses

Up

$456,979

Up $69,861 (+18%) from 2016

Net Income

Down

-$31,341

Down $2,232 (-7.7%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,200,854Liabilities 2010: $94,186Net Assets 2010: $1,106,6682010Assets 2011: $1,019,915Liabilities 2011: $45,807Net Assets 2011: $974,1082011Assets 2012: $1,055,199Liabilities 2012: $45,449Net Assets 2012: $1,009,7502012Assets 2013: $1,018,567Liabilities 2013: $34,835Net Assets 2013: $983,7322013Assets 2014: $964,035Liabilities 2014: $13,921Net Assets 2014: $950,1142014Assets 2015: $862,206Liabilities 2015: $24,618Net Assets 2015: $837,5882015Assets 2016: $864,461Liabilities 2016: $28,238Net Assets 2016: $836,2232016Assets 2017: $906,592Liabilities 2017: $33,787Net Assets 2017: $872,8052017Assets 2018: $1,058,523Liabilities 2018: $168,084Net Assets 2018: $890,4392018Assets 2019: $1,055,840Liabilities 2019: $168,822Net Assets 2019: $887,0182019Assets 2020: $1,164,286Liabilities 2020: $213,636Net Assets 2020: $950,6502020Assets 2021: $1,510,823Liabilities 2021: $183,120Net Assets 2021: $1,327,7032021Assets 2022: $1,337,599Liabilities 2022: $158,397Net Assets 2022: $1,179,2022022Assets 2023: $1,297,026Liabilities 2023: $47,983Net Assets 2023: $1,249,0432023Assets 2024: $1,291,589Liabilities 2024: $55,244Net Assets 2024: $1,236,3452024

Highlighted filing

2017

Assets$906,592
Liabilities$33,787
Net Assets$872,805

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $375,8812010Expenses 2011: $392,9992011Expenses 2012: $392,1782012Revenue 2013: $301,644Expenses 2013: $380,230Net Income 2013: -$78,5862013Revenue 2014: $319,914Expenses 2014: $382,202Net Income 2014: -$62,2882014Revenue 2015: $307,719Expenses 2015: $405,901Net Income 2015: -$98,1822015Revenue 2016: $358,009Expenses 2016: $387,118Net Income 2016: -$29,1092016Revenue 2017: $425,638Expenses 2017: $456,979Net Income 2017: -$31,3412017Revenue 2018: $469,076Expenses 2018: $444,703Net Income 2018: $24,3732018Revenue 2019: $433,856Expenses 2019: $484,468Net Income 2019: -$50,6122019Revenue 2020: $401,823Expenses 2020: $388,034Net Income 2020: $13,7892020Revenue 2021: $747,526Expenses 2021: $417,077Net Income 2021: $330,4492021Revenue 2022: $411,482Expenses 2022: $482,546Net Income 2022: -$71,0642022Revenue 2023: $622,943Expenses 2023: $540,509Net Income 2023: $82,4342023Revenue 2024: $458,863Expenses 2024: $560,869Net Income 2024: -$102,0062024

Highlighted filing

2017

Revenue$425,638
Expenses$456,979
Net Income-$31,341
Jump To
Filing Snapshot
Filing Period
Dec 1, 2016 to Nov 30, 2017
Signed
Mar 21, 2018
Return Version
2016v3.1
Gross Receipts
$432,504
Mission and Program Overview

Mission

The chippewa valley cultural association (cvca) was formed in 1976 to accomplish two main goals: (1) to save the old mcdonell memorial high school building from destruction and restore it as a venue for the creative industry in the chippewa valley; and (2) to provide a venue and an opportunity for local artists, performers, writers and creative producers to explore, grow and share their talents with others in the region and beyond. Additionally, the cvca seeks to bring in gifted individuals and groups from outside the region as well with the vision of exposing chippewa valley residents to the talents of people from all over the world.

To renovate and preserve a historic building to provide a cultural center in order to stimulate community involvement and interest in all forms of the arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$498,692$549,389▲ $50,697
Land, Buildings, and Equipment, Net$214,697$163,696▼ $51,001
Investments in Publicly Traded Securities$76,525$79,051▲ $2,526
Savings and Temporary Cash Investments$56,552$70,810▲ $14,258
Accounts Receivable$8,294$37,020▲ $28,726
Cash and Non-Interest-Bearing Accounts$9,701$6,626▼ $3,075
Total Assets$864,461$906,592▲ $42,131
Liabilities
Deferred Revenue$11,272$17,204▲ $5,932
Accounts Payable and Accrued Expenses$16,966$16,583▼ $383
Total Liabilities$28,238$33,787▲ $5,549
Net Assets / Fund Balance
Permanently Rstr Net Assets$525,968$527,123▲ $1,155
Unrestricted Net Assets$292,665$281,602▼ $11,063
Temporarily Rstr Net Assets$17,590$64,080▲ $46,490
Total Net Assets Fund Balance$836,223$872,805▲ $36,582
Total Liabilities and Net Assets / Fund Balance$864,461$906,592▲ $42,131

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$149,748$1,468,390$1,618,138
Equipment$13,948$68,339$82,287
Other Securities$549,389--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$575,217$1,155▲ $73,635$15,854$628,440
2016$564,645$175▲ $33,030$17,347$575,217
2015$595,008$6,510▼ $14,344$17,599$564,645
2014$588,909$223▲ $28,586$17,708$595,008
2013$555,261$602▲ $52,568$19,522$588,909
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Debra JohnsonExecutive DiFT$59,529$59,529

Board Members and Trustees

NameTitle
David Raihle JrPresident
Ben SmasalDirector
David FishDirector
Josh RizzoDirector
Mike PopeDirector
Nancy SchuhDirector
Norm KellerDirector
Susanne TorrenceDirector
Ben LaneSecretary
Mary Lynn ToycenTreasurer
Skip AugustVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$139,515
Program Service Revenue
$243,040
Investment Income
$58
Other Revenue
$43,025
All Other Contributions
$109,851
Change in Net Assets
$-31,341
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$338,328
Salaries, Compensation, and Employee Benefits$118,651
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$68,773--$68,773
Current Officers, Directors, Trustees, and Key Employees$59,529--$59,529
Other Salaries and Wages$50,094--$50,094
Advertising$32,791--$32,791
Occupancy$21,538--$21,538
Office Expenses$15,241--$15,241
Insurance$11,043--$11,043
Payroll Taxes$9,028--$9,028
Fees for Services Accounting-$8,105-$8,105
Fees for Services Other$8,048--$8,048
Other Expenses$7,348--$7,348
All Other Expenses$6,895--$6,895
Total Functional Expenses$448,874$8,105$0$456,979
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$42,401
Fundraising Direct Expenses$6,866
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Savoring the Ar$47,499$31,735$3,469$28,266
Online Auction$6,490$6,490$820$5,670
Total Events$53,989$38,225$5,913$32,312
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The organization's members do not have an ownership interest, but do participate in the organization's governance through voting rights at the chippewa valley cultural association's annual meeting. Voting classes of membership include basis individual membership, basic family membership, sustaining member, patron and benefactor.

Form 990, Page 6, Part VI, Line 7A

The organization's members elect the board of directors during an annual membership meeting.

Form 990, Page 6, Part VI, Line 11B

A draft of the 990 is reviewed and approved by the executive committee of the board of directors before it is filed with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

A formal conflict of interest policy has been adopted by the board of directors. Each director signs a statement disclosing any possible conflict of interest that the directors may have. Each director discloses to the board of directors, prior to any vote or other actions, any relationship which could be a conflict of interest as defined in the current conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The executive director's salary is initially determined by the board of directors by comparison to salaries of similar organizations. Thereafter, the executive director's rate increases are subject to the annual rate increases approved by the board and reevaluated by comparison to salaries of organizations approximately every three years.

Form 990, Page 6, Part VI, Line 19

Public may view governing documents, conflict of interest policy, and financial statements at the main office during normal business hours.

Filing and Contact Details

Filer

Filer Name
Chippewa Valley Cultural
EIN
39-1236476
Phone
7157234461
Address
3 S HIGH STREET, CHIPPEWA FALLS, WI 54729

Signing Officer

Name
Debra Johnson
Title
Executive Director
Phone
7157234461
Signed
2018-03-21

Organization Details

Principal Officer
Debra Johnson
Formed
1976
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
17
Volunteers
213

Preparer

Firm
Bauman Associates Ltd
Address
PO BOX 1225, EAU CLAIRE, WI 54702-1225
Preparer
Nathan Kalepp CPA
Phone
7158342001
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The chippewa valley cultural association (cvca) was formed in 1976 to accomplish two main goals: (1) to save the old mcdonell memorial high school building from destruction and restore it as a venue for the creative industry in the chippewa valley; and (2) to provide a venue and an opportunity for local artists, performers, writers and creative producers to explore, grow and share their talents with others in the region and beyond. Additionally, the cvca seeks to bring in gifted individuals and groups from outside the region as well with the vision of exposing chippewa valley residents to the talents of people from all over the world.

Form 990, Page 2, Part III, Line 4D

Other expenses not directly allocated to program services such as publicity advertising, building maintenance and repair, facility rental cost, and member services/administration.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment fund assets are invested at the community foundation of chippewa county and royal credit union in various mutual funds and fixed income securities pursuant to the chippewa valley cultural association, inc.'s investment objectives of subjecting the fund to moderate to low investment risk and providing its activities with current income.

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IRS990/MissionDesc0THE CHIPPEWA VALLEY CULTURAL ASSOCIATION (CVCA) WAS FORMED IN 1976 TO ACCOMPLISH TWO MAIN GOALS: (1) TO SAVE THE OLD MCDONELL MEMORIAL HIGH SCHOOL BUILDING FROM DESTRUCTION AND RESTORE IT AS A VENUE FOR THE CREATIVE INDUSTRY IN THE CHIPPEWA VALLEY; AND (2) TO PROVIDE A VENUE AND AN OPPORTUNITY FOR LOCAL ARTISTS, PERFORMERS, WRITERS AND CREATIVE PRODUCERS TO EXPLORE, GROW AND SHARE THEIR TALENTS WITH OTHERS IN THE REGION AND BEYOND. ADDITIONALLY, THE CVCA SEEKS TO BRING IN GIFTED INDIVIDUALS AND GROUPS FROM OUTSIDE THE REGION AS WELL WITH THE VISION OF EXPOSING CHIPPEWA VALLEY RESIDENTS TO THE TALENTS OF PEOPLE FROM ALL OVER THE WORLD.
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IRS990/PrincipalOfficerNm0DEBRA JOHNSON
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4920
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt054111
IRS990/ProgSrvcAccomActy2Grp/Desc0VISUAL ARTS EXHIBITS AND SALES: HUNDREDS OF ARTISTS DISPLAYED THEIR WORK AT THE HEYDE CENTER AT TWO ART FAIRS (SPRING ART SHOW AND PAINT THE TOWN UP AND DOWN ART FAIR) AND 16 VISUAL EXHIBITS(TWO EXHIBITS FEATURING YOUTH FROM THE LOCAL SCHOOL DISTRICT). THE CVCA/HEYDE CENTER RECEIVES 30% COMMISSION OF ART SALES THAT HAPPEN DURING THE EXHIBITS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01716
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05243
IRS990/ProgSrvcAccomActy3Grp/Desc0WORKSHOPS: THE CVCA OFFERED FREE SUMMER ART CLASSES FOR CHILDREN BETWEEN THE AGES OF 4 - 10; SPACE FOR A LOCAL CHILDREN'S THEATER TO OFFER FREE/LOW COST DRAMA WORKSHOPS; AND ART CLASSES FOR ADULTS.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0920
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER EXPENSES NOT DIRECTLY ALLOCATED TO PROGRAM SERVICES SUCH AS PUBLICITY ADVERTISING, BUILDING MAINTENANCE AND REPAIR, FACILITY RENTAL COST, AND MEMBER SERVICES/ADMINISTRATION.
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0175

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$0.06$1.24$0.46$0.56$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.05$1.25$0.62$0.54$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.34$0.16$1.18$0.41$0.48$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.51$0.18$1.33$0.75$0.42$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.16$0.21$0.95$0.40$0.39$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.17$0.89$0.43$0.48$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.17$0.89$0.47$0.44$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.03$0.87$0.43$0.46$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.84$0.36$0.39$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.02$0.84$0.31$0.41$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.95$0.32$0.38$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.03$0.98$0.30$0.38$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.05$1.01$0.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.05$0.97$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.09$1.11$0.38
Peer Organizations

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